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Upturn AI SWOT - About
BSM 
Black Stone Minerals LP (BSM)
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Upturn Advisory Summary
08/28/2025: BSM (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
Number of Analysts
3 Analysts rated it
Very few follow this stock; limited insights, higher-risk early investing.
1 Year Target Price $13
1 Year Target Price $13
| 0 | Strong Buy |
| 0 | Buy |
| 3 | Hold |
| 0 | Sell |
| 0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -22.59% | Avg. Invested days 51 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  1.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 08/28/2025 |
Key Highlights
Company Size Mid-Cap Stock | Market Capitalization 2.59B USD | Price to earnings Ratio 10.53 | 1Y Target Price 13 |
Price to earnings Ratio 10.53 | 1Y Target Price 13 | ||
Volume (30-day avg) 3 | Beta 0.24 | 52 Weeks Range 11.70 - 14.74 | Updated Date 08/29/2025 |
52 Weeks Range 11.70 - 14.74 | Updated Date 08/29/2025 | ||
Dividends yield (FY) 11.81% | Basic EPS (TTM) 1.16 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Revenue by Geography
Earnings Date
Report Date 2025-08-04 | When After Market | Estimate 0.3233 | Actual 0.2794 |
Profitability
Profit Margin 66.49% | Operating Margin (TTM) 119.89% |
Management Effectiveness
Return on Assets (TTM) 14.09% | Return on Equity (TTM) 24.31% |
Valuation
Trailing PE 10.53 | Forward PE 7.17 | Enterprise Value 2683205775 | Price to Sales(TTM) 6.25 |
Enterprise Value 2683205775 | Price to Sales(TTM) 6.25 | ||
Enterprise Value to Revenue 6.25 | Enterprise Value to EBITDA 8.36 | Shares Outstanding 211852992 | Shares Floating 177924718 |
Shares Outstanding 211852992 | Shares Floating 177924718 | ||
Percent Insiders 20.61 | Percent Institutions 14.13 |
Upturn AI SWOT
Black Stone Minerals LP
Company Overview
History and Background
Black Stone Minerals LP (BSM) was founded in 1876 as Black Stone Minerals Company. It is one of the largest owners of oil and natural gas mineral interests in the United States. The company became a publicly traded partnership in 2012. Black Stone Minerals' strategy is focused on maximizing value from its existing asset base and pursuing accretive acquisitions.
Core Business Areas
- Oil and Natural Gas Mineral Interests: BSM owns and manages mineral and royalty interests in oil and natural gas properties across the United States. They generate revenue through royalties paid by operators who develop and produce on their mineral acreage.
- Working Interests: BSM also owns working interests in certain properties, entitling them to a share of production revenues and responsibility for a portion of operating expenses.
Leadership and Structure
Thomas L. Carter, Jr. serves as the Chairman and Chief Executive Officer. The company operates as a master limited partnership (MLP).
Top Products and Market Share
Key Offerings
- Mineral and Royalty Interests: BSM's core offering is the ownership and management of mineral and royalty interests. Revenue is derived from royalty payments on oil and gas production. Market share information specifically for mineral ownership is fragmented and difficult to quantify precisely on a national level. Competitors include private mineral rights owners and publicly traded royalty companies. Revenue in 2023 for this segment was $534 million.
- Working Interests: BSM also owns working interests in certain properties, entitling them to a share of production revenues and responsibility for a portion of operating expenses. Revenue in 2023 for this segment was $55.4 million. Competitors are other oil and gas production companies.
Market Dynamics
Industry Overview
The oil and gas mineral rights industry is influenced by commodity prices, drilling activity, technological advancements, and regulatory changes. Increased drilling and higher commodity prices generally lead to higher royalty revenues for mineral owners.
Positioning
BSM is a large, well-established player in the mineral and royalty ownership space. Its size and diversification provide a competitive advantage. BSM's competitive advantage lies in its large, geographically diverse portfolio of mineral interests.
Total Addressable Market (TAM)
The TAM for mineral and royalty interests is substantial, influenced by the total value of oil and gas production in the US. Estimates range into the hundreds of billions of dollars annually. BSM is positioned to capture a share of this market through its royalty and working interests. The ability to expand the market through acquisitions allows the company to increase its market share.
Upturn SWOT Analysis
Strengths
- Large and diversified portfolio of mineral interests
- Experienced management team
- Stable cash flow generation through royalties
- Established relationships with operators
- Strong balance sheet
Weaknesses
- Dependence on commodity prices
- Exposure to regulatory changes
- Working interest operations can be capital intensive
- Limited control over operator drilling decisions
Opportunities
- Acquisitions of additional mineral interests
- Increased drilling activity on existing acreage
- Development of new technologies to enhance production
- Expansion into new basins
Threats
- Declining commodity prices
- Increased regulatory scrutiny
- Environmental concerns and opposition to fossil fuels
- Competition from other mineral rights owners
- Geopolitical Risk
Competitors and Market Share
Key Competitors
- Kimbell Royalty Partners (KRP)
- Texas Pacific Land Corporation (TPL)
- Viper Energy Partners LP (VNOM)
Competitive Landscape
BSM's large size and diversification provide a competitive advantage. However, smaller, more focused companies may be able to achieve higher growth rates in specific basins.
Major Acquisitions
Pinto Minerals
- Year: 2022
- Acquisition Price (USD millions): 338.4
- Strategic Rationale: Increased mineral holdings in the Haynesville shale play
Growth Trajectory and Initiatives
Historical Growth: BSM has grown through acquisitions and increased drilling activity on its acreage.
Future Projections: Future growth is expected to be driven by further acquisitions and organic development of existing assets. Analyst estimates vary depending on commodity price forecasts.
Recent Initiatives: BSM has focused on consolidating mineral interests in core basins and streamlining operations.
Summary
Black Stone Minerals LP is a stable company with a large and diversified portfolio of mineral interests, providing a reliable cash flow. Its dependence on commodity prices and regulatory risks pose challenges. The company is positioned to grow through acquisitions and organic development, but the high dividend yield may fluctuate based on production and pricing. BSM needs to remain agile to navigate regulatory hurdles and commodity volatility for sustained success.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company filings, Yahoo Finance, Bloomberg, MarketWatch, Analyst reports
Disclaimers:
This analysis is for informational purposes only and does not constitute financial advice. Investment decisions should be based on individual research and consultation with a qualified financial advisor. Market share estimates are approximate and may vary depending on the source.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Black Stone Minerals LP
Exchange NYSE | Headquaters Houston, TX, United States | ||
IPO Launch date 2015-05-01 | President, CEO & Chairman of the Board of Black Stone Minerals GP L.L.C Mr. Thomas L. Carter Jr. | ||
Sector Energy | Industry Oil & Gas E&P | Full time employees - | |
Full time employees - | |||
Black Stone Minerals, L.P., together with its subsidiaries, owns and manages oil and natural gas mineral interests. It owns mineral interests in approximately 16.8 million gross acres, nonparticipating royalty interests in 1.8 million gross acres, and overriding royalty interests in 1.6 million gross acres located in 41 states in the United States. The company was founded in 1876 and is based in Houston, Texas.
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